Piper Jaffray Companies reaffirmed their hold rating on shares of Green Plains, Inc. (NASDAQ:GPRE) in a research report released on Thursday morning. The brokerage currently has a $19.00 price target on the specialty chemicals company’s stock.

A number of other research firms have also recently issued reports on GPRE. Jefferies Group LLC reiterated a buy rating and issued a $25.00 target price (down from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. BidaskClub cut shares of Green Plains from a hold rating to a sell rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a research note on Tuesday, July 4th. Roth Capital set a $27.00 target price on shares of Green Plains and gave the company a buy rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated an outperform rating and issued a $30.00 target price on shares of Green Plains in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.29.

Green Plains (NASDAQ:GPRE) traded up 1.31% during midday trading on Thursday, hitting $19.35. 229,602 shares of the stock traded hands. The company has a 50-day moving average price of $19.97 and a 200-day moving average price of $22.54. Green Plains has a 1-year low of $17.70 and a 1-year high of $29.85. The firm has a market cap of $778.26 million, a P/E ratio of 113.16 and a beta of 1.42.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.29. The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. Green Plains’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Analysts predict that Green Plains will post $0.50 EPS for the current year.

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In other news, Director James F. Crowley sold 2,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $21.92, for a total value of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares in the company, valued at $508,741.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey S. Briggs sold 39,902 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.00, for a total transaction of $917,746.00. Following the completion of the sale, the chief operating officer now owns 212,954 shares of the company’s stock, valued at $4,897,942. The disclosure for this sale can be found here. Insiders sold 87,903 shares of company stock valued at $1,932,599 over the last 90 days. 6.40% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Green Plains by 7.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 270 shares during the period. State of Alaska Department of Revenue raised its position in shares of Green Plains by 85.9% in the second quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 3,369 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after buying an additional 160 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of Green Plains during the first quarter worth about $204,000. Finally, Mason Street Advisors LLC raised its position in shares of Green Plains by 6.5% in the first quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock worth $205,000 after buying an additional 506 shares during the period.

Green Plains Company Profile

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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